Reverse Mortgages for Financial Planners

It used to be that Reverse Mortgages were thought of as a "last resort" for seniors who were in need of money. New research by financial planning and retirement experts now show that using a Reverse Mortgage as a "first resort" can help provide a more secure retirement.

These experts include Gerald Wagner, the head of Ibis Software Corporation based in Alameda. His studies, published in the Journal of Financial Planning, include "The Six Percent Rule," which summarizes hundreds of simulations showing the potential benefits of a Reverse Mortgage.

Have you discussed a Reverse Mortgage with your financial planner? The Ibis Software website now offers an online calculator that can be used by professionals to quickly run Reverse Mortgage scenarios for clients. Though the Reverse Mortgage is a loan--something many financial planners have been taught to avoid when possible--more professionals are finding the Reverse Mortgage to be a helpful tool.

Want to share the calculator with your financial planner? If you have a trusted financial planner/advisor, consult with them before and during the process of getting a Reverse Mortgage or any other loan. They can visit the Ibis Software website here to use the calculator.

I'm happy to meet with you and your financial planner to discuss how a Reverse Mortgage could help you with additional income, preserving a nest egg, or providing an automatically growing line of credit. Call me at 510-610-5223 or send me an e-mail at ed.ramos@fpfmail.com to schedule a time that's convenient for you.

As always, thank you for reading! I look forward to hearing from you.